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Tax
IRS agents reveal billions of dollars in COVID-19 tax fraud
The Internal Revenue Service's Criminal Investigation unit investigated approximately 1,000 tax and money laundering cases related to COVID-19 relief, with the suspected fraud exceeding $3.2 billion.
American workers, families, and small…
IRS tax deadline for most California residents has been pushed back to the year 2023
As a result of January's terrible weather in California, the IRS extends the tax deadline to grant Californians additional time to file their taxes. When are your taxes due? If you are a California resident, you may be eligible for an…
7 Non-taxable income streams to watch for in 2023!
In general, money earned from your job or business is completely taxable at the federal and, where relevant, state levels.
However, many types of investment income may be exempt from taxation, which can dramatically boost your earnings.…
Tax returns: Is it advisable to file jointly or separately for married couples?
While the rules normally favor joint tax returns, experts say there are some situations where filing separately pays off. Every year, married couples have the option of filing their taxes together or separately.
While "married filing…
Social Security update: What to do with overpaid taxes?
Before you file your next tax return, review some of the most complicated areas of the tax code.
The fact that you are exempt from paying Social Security tax on income beyond the "taxable maximum"—which is $147,000 for 2022 and increases…
UBS purchases Credit Suisse for $3.2 billion as authorities attempt to strengthen the international…
UBS signed a deal to purchase its ailing competitor Credit Suisse for 3 billion Swiss francs ($3.2 billion) on Sunday.
With Swiss regulators playing a crucial role in the agreement, governments attempted to halt the spread of a contagion…
IRS: Top 5 tax return filing strategies for 2023
You are not alone if you are still working on submitting your tax return in 2023. Many people wait until the final day of April 15 — or April 18 in 2023 — to complete their tax returns.
This is expected to be especially true in 2023,…
IRS: Information concerns to tax refund processing in 2023
Most Americans aren't surprised when they discover that the average tax refund is significantly smaller than it was a year ago after weeks of warnings.
The average refund for early filers whose forms were completed by the Federal Revenue…